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Superannuation

IBM replaces Russell with JANA

RUTH LIEW  |  TUESDAY, 8 DEC 2009
The $1.4 billion IBM Australia Limited Superannuation Fund has changed its investment manager from Russell Investments to JANA Investment Advisers.

Super could post double-digit returns in 2010: research

Super funds could post double-digit returns next year after Rainmaker research found default investment options had recovered by three percentage points per month since Christmas last year.

Women in Super to grant $10,000 scholarship

MICHELLE BALTAZAR  |  MONDAY, 7 DEC 2009
Women in Super (WIS) members specialising in finance are invited to apply for a $10,000 scholarship to attend the Third AIST Global Dialogue in Hong Kong next year.

Trustees snub Asian equities

MICHELLE BALTAZAR  |  FRIDAY, 4 DEC 2009
Trustees of the country's largest super funds are yet to buy the Asia Growth story, with new research suggesting their asset allocation to the region will be around 2.8 per cent of their total portfolio, a tiny increase from the current 2.5 per cent ...

Add $5,000 to your super: MTAA

RUTH LIEW  |  FRIDAY, 4 DEC 2009
Some funds offer holidays, others hand out Myer vouchers - but MTAA Super is giving one member the chance to boost their savings by $5,000 if they rollover their super into the industry fund.

BNY Mellon apologises for pension mistake

COMPANY RELEASE  |  THURSDAY, 3 DEC 2009
BNY Mellon has apologised to New York City Teachers' Retirement System (TRS) participants after a processing error resulted in the firm pulling funds from their bank accounts.

Consultants should share GFC's blame

RUTH LIEW  |  THURSDAY, 3 DEC 2009
More asset consultants should shoulder the blame for the bad advice that led to poor investment returns during the GFC, said the chief investment officer of First State Super.

GuildSuper cuts fees, boosts insurance

RUTH LIEW  |  TUESDAY, 1 DEC 2009
GuildSuper is introducing a tiered fee structure and lowering fees for members, while upgrading its death and TPD insurance.

Virgin Super eyes SME market

MICHAEL HOBBS  |  TUESDAY, 1 DEC 2009
Virgin Super has gained more than $300 million in funds since launching four years ago and plans to target financial planners specialising in small to medium enterprises (SME) to gain more inflows.

ComSuper faces executive and admin reforms

RUTH LIEW  |  MONDAY, 30 NOV 2009
Government superannuation schemes have not escaped ongoing governance reviews, with the schemes' administrator ComSuper mandated to outsource some of its work to cut taxpayer bill and the 'Commissioner for Superannuation' role dropped in favour of a ...